CoinWorld News reports that, according to on-chain data monitoring, Ethereum currently holds approximately 65% of the non-USD stablecoin supply, down from about 90% at the beginning of 2023. Although other chains are catching up, Ethereum remains the default choice for stablecoin issuance. The report states that while the distribution and activity of stablecoins mainly occur on other chains, Ethereum ranks fifth in the number of unique senders, but its growth rate is rapid. As of February 2026, the number of unique senders increased from 2,000 to 12,000, achieving significant year-over-year growth.

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